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earlier this month to resume construction after government leaders approved japan's new energy policy. the policy allows work to continue on plants already under construction while at the same time encourages japanese to end their reliance on nuclear power by the 2030s. industry minister yukio edano visited aomori prefecture two weeks ago. he told the governor that the ohma plant could be completed. j-power managers plan to inform residents of local municipalities of the decision next week. two other nuclear plants were under construction before last year's disaster. no decision has been made on resuming those projects. >>> once these facilities are built, they must pass stricter safety standards before they can start generating power. members of the newly formed nuclear regulation authority will draft the rules. the government created the nra after the fukushima accident exposed the shortcomings of the former watchdog. we're looking at what's expected of this new authority on today's "nuclear watch." the nra replaced the nuclear and industrial safety agency known as nisa. it also too
serious is that she bowed to pressure from energy companies to seek a low-cost solution for storing nuclear waste, ignoring other options that might have been more effective. the chancellor denies these allegations that go all the way back to the 1990's when she was serving as environment minister, but the allegations are quite serious. if they were to be proven, it would have big political implications for the chancellor. the chancellor, however, is taking this in a pretty relaxed mood. both she and her aides are looking very confident in this, and analysts think that she will come out unscathed. >> she does look pretty confident, but how does nuclear storage fit in with germany's new energy strategy? >> the fact is germany does not have a permanent waste disposal site for its nuclear waste, so the waste just keeps piling up. the country is exploring different possibilities, but they do not have one yet. every time another nuclear waste transport rolls into the temporary facility, there are massive protests. until a permanent site is found and that search goes on, the controversy w
in that prompted people to sell energy and high-tech. we had news in the political front on wednesday. the opposition liberal democratic party picked shinzo abe as the new person. >>> we're learning about how political tensions between japan and china is affecting the economy. do you see that happening through the stock markets? >> indeed. investors will continue to keep a close eye on the political tensions between japan and china. we are, in fact hearing more news that the tension -- the rift is affecting japanese businesses and corporate activity. on wednesday, ana said that 40,000 seat reservations have been cancelled. we will keep an eye on china related issues. >>> turning to the currency market the yen gained ground against the dollar and the euro. the euro/yen around $99.99. euro/yen hit a two-week low of around 99.70 in european trading and that led to gains in the yen against the dollar, that pair pretty much remained in european trading and new york trading. back to you. >> catch you later. >>> japanese firms are asking mean mar to improve the business environment for forei
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